Four China Certified Emission Reduction - CCER Methodologies approved...
More ESG Research and Insights are Available from Subscription to GC Insights Monthly ESG Regulatory Watch: info@gc-insights.com
APAC
China: The Ministry of Ecology and Environment (MEE) issued a "Notice on Enhancing Greenhouse Gas Emission Reporting and Verification for Select Key Industries for the Years 2023-2025.”, which includes more key industries to report on GHG Emissions. // Four China Certified Emission Reduction - CCER Methodologies approved. // Ministry of Industry and Information Technology unveils the "Green Aviation Manufacturing Industry Development Plans 2023-2035". //The National Certification and Accreditation Administration and State Administration for Market Regulation issued the "Implementation Opinions on Coordinated Use of Quality Certification Services for Carbon Peaking and Carbon Neutrality”…
Singapore: The Monetary Authority of Singapore (MAS) issued a set of consultation papers proposing guidelines on transition planning by banks, insurers, and asset managers to enable the global transition to a net zero economy…
EMEA
EU: European Commission: key aspects of the Corporate Sustainable Reporting Directive (CSRD) will be delayed, including the requirement for sector-specific sustainability disclosures and the requirement for sustainability reporting by companies outside of the EU. // The Commission proposes measures to reduce microplastic pollution from plastic pellets. // Deal reached on reducing fluorinated gas (HFC) emissions in the EU - total phase-out of HFC by 2050. // Members of European Parliament approve new standard to define green bonds. Issuers complying with the standard also commit to green transition plans. Rules also regulate external reviewers of European green bonds…
Switzerland: The Swiss Federal Department of Finance (FDF) will draw up a proposal for implementing the Federal Council's position on the prevention of greenwashing, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG’ by end-August 2024 at the latest…
UK: UK Department for Energy Security and Net Zero issued an open call for evidence over Scope 3 GHG emissions. // UK Competition and Markets Authority launches Green Agreements Guidance to help businesses co-operate on environmental goals…
AMER
US: Biden-Harris Administration Announces Regional Clean Hydrogen Hubs to Drive Clean Manufacturing and Jobs. // Federal bank regulatory agencies jointly finalised Principles for Climate-Related Financial Risk Management for Large Financial Institutions that provide a high-level framework for the management of exposures to climate-related financial risks for large financial institutions…
Canada: Canadian government is currently consulting on the draft Clean Electricity Regulations by November 2, 2023. The final regulations are expected to be published in the Canada Gazette, Part II, in 2024. These are part of Canada’s broader vision to build a clean, affordable and reliable grid for all…
Brazil: The Brazilian Ministry of Finance and the Comissão de Valores Mobiliários (CVM) have announced that the International Sustainability Standards Board’s (ISSB) IFRS Sustainability Disclosure Standards will be incorporated into the Brazilian regulatory framework, setting out a roadmap to move from voluntary use starting in 2024 to mandatory use on 1 January 2026…